F1
^taBG3P Exam format
,vqr<H9e the exam will be have 50 questions which make up 90 marks – the pass mark is 50%. There are 40 multiple choic questions, each question will be on 1 syllabus area and will require selection of the correct answer out of 4; 10 Short questions: where the candidate has to read some information and choose TRUE or False. The CBE exam may make use of other question formats
D0(xNhmKz This paper is broad but not deep, questions are about knowledge and understanding across a very wide range of general business issue that will provide a foundation for later studies
t&Os;x?To? Syllabus areas
R1:k23{ There are 6 key syllabus areas, and with an exam of this nature, none can be deemed less important, as all can be tested and exams will aim to be representative across the syllabus.
=$8nUX` *?+V65~dW Context tested in the pilot paper
(\"k&O{ Chapter 1: Span of control; function of marketing; advantage of decentralisation; shamrock organisation; 4P in marketing
be5,U\&z Chapter 2: transaction processing system;
t#nn@Yf Chapter 3: Handy’s cultural type; internal stakeholder; Mendelow’s analysis of group of stakeholders;
kY,U8a3! Chapter 4: no single question appear on the pilot paper
8;y&Pb~) Chapter 5:Best practice in corporate governance; Public Oversight Board;
>3:?) Chapter 6:Policy to expand level of economic activity; types of unemployment;
UY2X total level of demand; impact of interest rate increase; impact of inflation;
m|=Ecu Chapter 7:Situation analysis (environmental scan); population trend; data
@cRZk`|1n protection legislation; lobby group; utilities company;
)2UZ% ?V# Chapter 8:Role of accounting; IASB; role of financial accountant; disadvantage
Zn,>]X of computerised accounting system;
:0K8h Chapter 9: Internal auditor vs. internal control; internal auditor’s accountability; system audit; responsibility of external auditor; substantive test;
hqk}akXt Chapter 10: Teeming and lading; effective internal control system to minimize fraud;
2,vB'CAI Chapter 11: Scientific management; leadership style; Blake&Mouton’s managerial grid
3
ZTE<zRQ Chapter 12: Tuckman’s team development; Belbin’s team roles; difference between group and team;
vQF
vtwd Chapter 13: Herzberg’s Two-factor theory; Vroom’s equation;
T&T/C@z'R Chapter 14: Communication pattern; lateral communication; mentor (vs. counseller vs. instructor)
lT\a2.E Chapter 15: Competence testing;
%xlqF< Chapter 16: Indirect discrimination;
2#X4G~>#h Chapter 17: Role playing exercises
$rXh0g Chapter 18: Tell and listen approach in appraisal interview
x5dWBGH Reporting on the 2009-12 F2
S1 _6C:^k Syllabus考点:
wdzOFDA A The nature and purpose of cost and management accounting
]fnnZ 1. Accounting for management
)CI1
; 2. Cost and management accounting versus financial accounting
,U *)2`[ B Cost classification, behavior and purpose
[md u!!* 1. Production and non-production costs
wn>edn 2. Direct indirect costs
&`Y!;@K9W# 3. Fixed and variable costs
C^t(^9 C Business mathematics and computer spreadsheets
H9 C9P17 1. Dealing with uncertainty
#B'aU#$u 2. Statistics for business
{Z; jhR, 3. Use of computer spreadsheets
KucV3-I D Cost accounting techniques
oIGrA-T} 1. Accounting for materials
3$vRW.c\q 2. Accounting for labor
6m .k;' 3. Accounting for overheads
e@@?AB$n( 4. Marginal and absorption costing
J68j=`Y 5. Job and batch costing
%2'A
pp 6. Process costing
9/ SXs0 7. Service costing
n[Zz]IO,g E Budgeting and standard costing
L_Q#(in 1. Nature and purpose of budgeting
5`~mmAUk;` 2. Functional budgets
:ztr)
3. Flexible budgets and standard
rOW-0B+N 4. Basic variance analysis under absorption and marginal costing
z|G9,:9 5. Reconciliation of budgeted profit to actual profit
a/~aFmu6b F Decision-making techniques
#8{F9w<Rf 1. Cost-volume-profit analysis
?#0snlah| 2. Relevant costing
`=#01YX[0 3. Limiting factors
TUL
_TR F2考试继续用两小时的时间对于上述考点进行测试,具体形式有机考和必考两种。上述考点都会在问题中涉及,包括计算题和论述题,一共40道2分题,10道一分题。F2考试的及格线是50分。
gADmN8G= F2的2009年12月试题基本和官方发布的pilot paper 相似,偏重计算,而且计算的难度每一年都在提高,在
ACCA的错误率统计中,不难发现F2 的考试最容易失分的仍然是概念混淆导致的计算错误。比如:Joint costs的分摊问题,仍然有同学用sales volume x selling price来分配联合成本。F2是基于对概念的理解,整个成本的确认了解后的计算为主的考试,只会计算不一定会有高分。
H@X oqgI F2的计算题的难点主要集中在PART D&E 中,absorption costing 和 marginal costing 计算, processing costing 计算 process account ( work in process and finished goods), Variance 计算和调整是考生最难掌握的,在f2考试中占得分值是40%以上。
eLwTaW !C F2的图形题和概念题主要集中在Part A &B中,考生的通过率是比较高的,这种类型题目在考试中只占总分的30左右。
:
H. 针对Part F,是小型计算题,每种类型的计算没有太大的联系,所以掌握相对比较容易,总分值在15%-20%左右。
<1w/hy&mWN 总结:
rdJm{< 那同学们在复习的过程中必须按照分值的分布和难点来学习才能在考试中得到理想的分数。
d#:3be{|&q d{et8N d-bqL:/ F3
]!:oYAm 1 Exam format
ST
fyCtS The Financial Accounting paper is a two hour paper, it consists entirely of objective test questions and contains:40 two mark questions and 10 one mark questions
R cY>k All questions are compulsory, questions are marked either right or wrong, there are no marks awarded for workings. The pass mark is 50%. The focus of the exam is on basic double entry skills. the ACCA are not going to release past exam papers.
;;5Uwd'- 2 Syllabus areas
*fO3]+)d+ 0?7XtC P< Chapter 1-6: this six chapters are the bases for understanding later chapters. Qeustions are likely to be on limited libility company concept, business entity concept, accounting regulation, accounting information characteristics, etc.
y;"
n9 Chapter 7: Calculation of receivables balance where both a trade and a settlement discount were offered (VAT calculated after all discounts)
O|kKwadC Chapter 8: cost of inventory; Valuation of closing inventory using FIFO; net realisable value
@
\.;b9 Chapter 9: cost of PPT, subsequent mesaurement including depreciation and revaluation, disposal
rgIrr5 Chapter10: accounting treatment of research and development costs
dYFzye Chapter 11: Effect of adjustments on current assets and current liabilities
RKd Chapter 12: Calculation of income statement charge for the “allowance for receivables” with a write off and a reduction in the allowance brought forward
1,2EhfX|s Chapter13: Accounting treatment of provision and contingent liability
(%ew604X Chapter 14: accounting treatment of all transaction affecting RLCA,PLCA,RL,PL.
7k{2Upg; Chapter 15: Bank reconciliation
NX* O_/ Chapter 16,18: Correction of errors and incomplete records. These can relate to any chapter, so make sure you are familiarize with all double entries covered in F3.
{hSGv Chapter 17: financial statement for sole traders, preparing the whole statements are not examined under F3
'6Qy /R Chapter 19: Determination of a partner’s profit share
RR1A65B Chapter 20: Accounting entries for rights issues and bonus issues;
|YJCWFbs8 Chapter 21: Components of a statement of financial position, statement of comprehensive income statement, statement of changes in equity.
NQTnhiM7$ Statement 22: identify adjusting and non-adjusting events
E
?2O(
Statement 23: componets of cash flows, cash flows calculation
~KjJ\b)R ACCA F4 CORPORATE AND BUSINESS LAW
3K/Df# Analysis for December 2009 exam
:
2V^K&2L Lecturer: Calvin Ruan
g]mtFrP Q1-Statutory Interpretation
`Y?t@dd 本题属于Part A, 符合历年出题惯例。该知识点属于非重点知识,从新大纲实行起几乎从未考过。但正因为极少考到,根据ACCA考试出题规律,此知识点在09年12月份考试中出现的概率非常大。因此,BPP mock exam中特意将此知识点作为第一题列示。在我考前最后一份复习提纲中也有明确指出。在10年6月再次考察该知识点的概率非常小。
&znH!AQ0 Q2-Postal rule and the doctrine of Privity
BJjx|VA+ 本题属于Part B,符合历年出题惯例。第一小题考查postal rule的知识,属于acceptance概念下非常重要的一个考点。历年考题多有涉及,但主要以案例题为主。学员应对其定义,适用情况及例外事项有充分理解。第二小题属于Part B中的非重点知识,在07年12月份时考过一次,内容较为简单。同样在10年6月考察该知识点的概率非常小。
Ob +9W Q3-Liquidated damages, penalty clauses and mitigating losses
[um&X=1V8 本题属于Part B,连同Q2,Q4和Q8,本次考试中共有4题涉及到Part B的知识,说明Part B仍然是F4考试中的重点章节。第一小题考查Liquidated damages与penalty clauses之间的区别,答题时应重点关注二者目的上的不同及其法律效应。第二小题考查mitigating losses,内容较为简单,学员理解即可答题。如果能记得案例则能保证不失分。
\jW)Xy Q4-Duty of care and auditor’s negligence
ZU'!iU|8 本题属于Part B,该知识点考察次数较少。但是从未来的实际知识应用角度出发,此类题目具有非常大的指导作用。建议在未来的考试中重点关注。有关Auditor的知识在本书中三个地方有所涉及:1. Professional negligence, 2.Company officer, 3.Corporate governance. 未来ACCA的出题趋势是加强章节之间的联系,这种在书中多处出现的知识点很有可能成为未来综合题的出题点。与该知识点相类似的还有Director有关的知识点。预计未来考试中这类考题将多次出现!
zbw7U'jk Q5-Company
huFz97?y( 本题属于Part D,考察公司所有制结构。本考点属于重点知识,在历年考试中多有涉及。但此类考点大多数属于背诵知识点,在未来考试中仍将以概念题为主要查考方式,基本不会出案例题。对于此类枯燥乏味的题目,需要求学员刻苦背诵。鉴于在Part D中仍有大量重要考点,在10年6月考试中再次出现该知识点的概率不大。
ul7o%Hs qG8s;_G Q6-Liquidation
<T,A&`/ 本题属于Part G,第一小题考察company winding up的形式,属于本部分重点内容,学员除掌握基本概念之外,还应该能对比compulsory winding up vs. voluntary winding up.此题考查较为简单。第二小题属于非重点内容,要求背诵,历年考题很少涉及。未来再次出现该考点的可能性非常小。
8``;0}'PC Q7-Employers vs. Employees
S[M4ukYK 本题属于Part C,由于该部分考点较集中,因此此题并不出人意料。除了此考点之外,该部分还要注意employee vs. self-employed的区别。在未来考试中这两个考点仍然很有可能出现,很有可能是以案例题的形式出现。
u
.|~
Q8-Exclusion clause
~m=EM; 本题属于Part B, 该考点在多次考试中均有涉及。属于该部分重点内容,学员需要对定义,应用及案例有充分理解。建议学员多参考教材和笔记中的案例深刻理解。未来考试中仍有可能出现,且该部分内容非常灵活,会出现多种变种题型,需要多加留意。
Gu(lI ~ Q9-Duty of director
;~ 4k7Uz 本题属于Part F,该考点属于重点考点,多次考试中均有涉及。如第四题分析中提到的一样,未来关于director的考题很有可能成为重点。这类考题可能综合多部分知识进行考察,学员应具有发散思维,考虑到可能考察的方方面面才能够将这类题目回答完整。否则很有可能因为偏题或回答不完整大量失分。
{E9v`u\ Q10-Wrongful trading and fraudulent trading
;Kxbg>U 本题属于Part G,在近年考试中已经出现明显的趋势。Insider dealing, Money laundering, wrongful trading and fraudulent trading三个考点轮流出现的情况已经持续多年。07年6月是wrongful trading and fraudulent trading,08年6月是Insider dealing, 09年6月是Insider dealing和Money laundering。因此在10年6月再次出现相关考题的概率非常大,需要重点关注。
i`U:gw Summary
IxSV? k
总览全卷,除少数部分题目略显冷门外,大部分内容仍然符合重点章节的出题惯例。Part B的仍然是最重点章节。在未来考试中仍然将占据2题以上的份额。另外对于在书中多个地方出现的知识点,考察综合运用能力的题目也将成为未来的主流,值得关注。学员在吸取此次考试经验教训的同时,需要特别注意以下几点:
hAR?
t5c 1. 熟练掌握重点章节
(ClhbfzD 2. 对非重点知识有一定程度理解。
;|ub!z9GG 3. 记忆案例并熟练运用
Go\VfLL w 4. 熟悉考试答题技巧,提高英语答题能力
<zfe}0 Paper F5 Performance Management
I8m:3fL" Now, you have two months to prepare the exam of Paper F5, Performance Management in this exam session,. I guess most of the candidates have already learnt more than half of the syllabus. I know you may feel a little worried, as this paper should be the first paper for you to write the answer in English. Don’t worry, you still have sufficient time to review, to prepare and to gain good marks in this examination.
S
4vbN What was examined in last paper?
H>7dND2; You know that, there will not be huge changes in the syllabus of such a management subject. No law, no rule, no policy. We need common sense, we need management skills, we need the broad thinking, we need the excellent expression. Therefore, we could learn and predict the exam paper from past examinations.
AMlV%U# In the exam session of December 2009, the paper has covered all the five parts of the syllabus.
%5 </d5. 1) Specialist cost and management accounting techniques. We had question 2 (a)(b).The candidates were required to calculate the target cost using learning curve and cost calculation, also discuss how the cost gap may be closed.
~&G4)AM 2) Decision Making Techniques. Question 5. The examiner asked you to make a decision whether to cease the production using relevant costing theory. Then you had to explain two pricing strategies and describe the issues to consider about outsourcing.
=WZ%H_oxi 3) Budgeting. Question 2(a)(c), using learning curve to forecast the cost. In question 3, the examiner required you to calculate the expected output using very easy time series method, no adjustment of seasonal variation, just straightforward trend equation. Then you were asked to split of the operation costs into variable and fixed elements using regression analysis and allowing for inflation. Last question, discussed on the incremental budgeting techniques.
I@7/jUO
4) Standard costing and Variance Analysis. Question 1, the candidates were required to calculate the basic material price and usage variances in (a), these are the knowledge you had learned in Paper F2. Then, further analysis into the planning and operating variances. (c) is a straightforward discussion of the production manager’s performance.
HQVh+ ( 5) Performance Measurement and control. Question 4. Assessment of financial performance, calculation of some KPI’s. Assessment of quality of service provided and risks associated with current policies.
j\)H What will be examined in this paper?
^tAO_~4 1) Specialist cost and management accounting techniques. Activity Based Costing, Life Cycle Costing, Throughput accounting and back – flush accounting. As ABC was examined regularly, but you still can not ignore it, especially calculation part. Life cycle and back-flush, you may focus on the main ideas about the theory, the discussion parts. Pay attention to back-flush, as it has not been examined yet. Throughput accounting, please make sure you understand the theory and calculation of this method. It could be tested this time.
"X1vZwK8N 2) Decision Making Techniques. All the pricing strategies, especially for the new product to launch into the market. Do not neglect areas such as relevant costing as this is a very important topic that could easily be examined again soon. Also linear programming is another key area.
SBKeb|H8 3) Budgeting. You need to prepare implications of differing budget approaches and
?qHF}k| their impacts on motivation. The conflict between ZBB and incremental budgeting is also likely to be explored. Numbers elements in a budgeting question could include flexed budgets or time series analysis & learning curves.
TYS\95< 4) Standard costing and Variance Analysis. Standard variances and planning and operational variances; calculation and discussion, factors to consider when investigating a variance. An operating statement which included budgeted idle time has also been required.
Rq)BssdF 5) Performance management and control. Questions here could frequently focus on interpretation of performance and a discussion of financial vs non financial measures. These have featured on all papers to date. Questions could also focus on performance evaluation in the public sector so perhaps featuring calculations using the 3 Es. Alternatively they could focus on divisional performance measures such as ROI / RI and a discussion of the impact on performance of various transfer prices.
^[# &
^[-V This exam consists entirely of compulsory questions; this makes question spotting particularly dangerous. The purpose of this analysis is to highlight key areas that we would expect to be regularly tested. Use the above tips as important areas to cover but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.
hq_~^/v\ At last, do not forget to spend one or two days to read the articles which can be found on the website. They may tell you what the examiners are thinking and give you a guide of the exam you will face to very soon.
Q}vbm4)[ Wish all the good luck in your exams!
n[k1np$7?6 ksI>IW Yue Wu
6vz1*\:H~ Lecturer of Paper F5, Performance Management
-f>'RI95> f@z
*3I; crmUrF# Report on F7 Dec 09 sitting
~t/JCxa
09年12月F7 Financial Reporting 的考题结构为:
CMVS W6 Nmf#`+7gCI 考题1-3是考纲的核心, 内容和形式上相对来说比较固定. 此次所考到的知识点与往年相比,难度上并没有太大的变化. 考题4和5测试的是考纲中非核心的一些知识点, 并且以论述为主, 考生的得分率较低.
v*DFiCQD A?Sm-#n{ 考题1
M[,^KJ! 本题的特点, 也是考生容易发生错误的地方有:
V_]-`?S 1. 年中收购
{HuLuP0t (i) 在编制合并利润表时, 只合并子公司被收购后的6个月的收入和费用.
>B~?dT m (ii) 在计算share of loss of associate时, 只计算associate被收购后的6个月的亏损.
9p<:LZd~ (iii) 在计算goodwill中的retained earnings at acquisition时, 要将子公司当年发生的,但属于合并前的利润加入retained earnings at acquisition.
=eYO;l
y3 2. 题目中指明借款的利息是收购后发生的, 所以不能将其在一年中平均分摊.
^
wQcB 3. 合并利润表的最后需要包括profit attributable to Owners of the parent and Non-controlling interest.
r}@< K 考题2
m|dF30~A 本题所考到的主要的知识点包括收入的确认(售后服务及维修), 金融资产的处置, 公司税和递延税, 资产的减值.
Wf1-"Q 比较容易出错的是对于收入确认的计算. 售后服务及维修的收入应该在提供服务的期间予以确认,而本题中售后服务及维修期为3年, 已经发生了1年, 所以只需将剩下2年的服务及维修的收入递延到以后的会计年度.
4~WlP,,M 考题3
M9g1d7% 本题所考到的知识点是部分现金流量表的编制和ROCE的计算及评论. 当题目要求’评论’某个事项时, 除了计算出相应的数据之外, 考生必须要将这些数据结合案例进行分析, 确认ROCE降低的原因.
JS2!)aqc 考题4
^'Zh;WjI7 本题涉及的知识点是固定资产的定义以及一些会计处理方法.
N7B}O*; 回答这到题目要注意问题的关键字. 问题(a)要求 ‘criticise the definition included in the question of non-current assets that had been given by an assistant’. 关键字是criticise, 所以回答时要用固定资产的定义和题目中所给出的定义比较, 找出不一致的地方, 而不能只是给出定义.
t^$Div_%G 问题(b)要求’ comment on the assistant’s treatment and advise the correct treatment’. 回答时要用除了给出正确的会计处理方法外, 还需要解释为什么题目中的处理方法是错误的(或是正确的).
rxkBg0Z`a 考题5
Na;t#, 本题涉及的知识点是EPS的计算和企业业绩衡量指标的比较. 计算部分相对较容易, 而业绩衡量指标的比较则需要联系题目中提供的数据来解释各项指标不同的原因.
riEqW}{ 2V<
# Y 几点建议
*lq7t2 1.鉴于F7所有的题目都是必选题, 考生对于考纲中的知识点都应该有所了解. 如果只关注考纲的核心内容, 风险较大.
_6I >+9#C 2.不要忽视论述部分(约30分). 回答论述题的关键在于对相关准则的理解和将知识点应用于题目所给的案例中,不能泛泛而谈, 要有针对性.
"0Y&~q[= 3.考前需要大量的习题练习, 加强自己综合应试能力以及对时间的合理分配.
*<3iEeO/R g{&PrE'e9 F8
/2'c> Analysis of December 2009 sitting:
I)uASfT$ December 2009 is probably the last sitting of F8 Audit and Assurance examined by Alan Lewin. Technically speaking, the paper is a quite balanced with knowledge extracted from every corner of the syllabus. However, as usual, the type of question set by the examiner is a mixture of knowledge based and application.
A?V<l<EAm According to the examiner's report issued, candidates performed well in particular on questions 1a, 2 and 3b. The questions candidates found most challenging were question 1b, 1c, 1e and question 4. This is partly due to a failure to read the question requirements properly and also possibly due to the subject matter being less well understood.
4+,*sn Q1:
73#9NZR Analysis:
RA~_]Hk This 30-mark question was based on a publisher and producer of poetry books and tested candidates’ability to cope with a number of areas including inventory, royalty charges and sales statistics. There was also a stand-alone sub requirement in relation to audit planning. The first part of the question is quite easy and straightforward. However, most candidates feel it difficult to complete the remaining parts which require generating audit procedure in a particular business environment. Also, the risk analysis also requires candidate understands the business and identify inherent risks and internal controls mitigating such exposures.
iy9VruT<